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BMW Electric Cars Hit 100,000 Sales Target
The German luxury carmaker has said it expects 2018 electric-vehicle (EV) sales to grow by medium two-digit percentages.
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Toyota, Panasonic Consider Joint Development Of EV Batteries
The joint announcement builds on an existing agreement under which Panasonic makes batteries for Toyota's petrol-electric and plug-in hybrid vehicles.
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Ford To Shift Midsize Sedan Production Out Of Mexico
Ford said it would invest more than 750 million euros ($887 million) in Valencia to produce a new generation of its Kuga sport utility vehicle.
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Volkswagen Bank Expects Profits To Rise In 2017 Despite Diesel Scandal
The financial arm of German carmaker Volkswagen said on Wednesday that it expects a rise in operating profit in 2017, despite a diesel scandal that has rocked the industry. Volkswagen Financial Services said 2017 profit would exceed a record 2.1 billion euros ($2.47 billion) in 2016.
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Audi CEO Drops Plan To Sell Ducati
The plans had already stalled in the summer when VW's powerful labour unions, backed by the controlling Porsche-Piech families, opposed the logic and need for asset sales given the group's financial resilience.
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Ford To Test New Self-Driving Vehicle Technology In 2018
Ford would test self-driving prototypes in various pilot programs with partners such as Lyft, the ride Services Company in which rival General Motors Co owns a minority stake, and Domino's Pizza Inc.
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Italian Fund Denies Seeking To Raise Stake In Aston Martin
The report had added that the fund, led by founder Andrea Bonomi, was to buy shares from other stakeholders, including a consortium of Kuwaiti investors, which currently holds 54.5 percent, Daimler and the group's management.
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Volkswagen Executive Gets 7 Years Jail Time For Emissions Fraud In The US
A US-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion.
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Ford To Launch 50 New Vehicles In China By 2025
China is pushing automakers toward electric and hybrid petrol-electric vehicles, setting tough quotas for NEVs that come into play in 2019, and has signalled a longer-term shift away from traditional internal combustion engine cars.
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BMW Expects Jump In Electric Car Sales In 2018
BMW earlier this year teamed up with U.S. chipmaker Intel and Israel-based camera specialist Mobileye to develop autonomous driving technologies.
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Nissan Sues India Over Outstanding Dues; Seeks Over $770 Million
According to the notice, Nissan said repeated requests to state officials for the payment, due in 2015, were overlooked and even a plea by the company's chairman, Carlos Ghosn, to Modi in March of last year seeking federal assistance did not yield any results.
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DHL Orders 10 Tesla Semi Electric Truck For Testing
The Semi, scheduled for rollout in 2019, is Tesla's next step to move the economy away from fossil fuels through electric cars, solar roofs and power storage.
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BMW Looking For Partners To Develop Electric Small Cars
Chinese automaker Great Wall Motor Co said last month it was discussing a possible venture to build Mini vehicles in China.
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Hyundai Korea Workers Resume Production Of Kona SUV After Two-Day Strike
The South Korean automaker has halted plans for now to produce the Kona at their plant in Ulsan, 380 kilometers southeast of Seoul, on a second assembly line at one of its domestic factories.
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Volkswagen To Set Up Commercial Vehicles Venture In China
VW is looking along with its commercial vehicles division at deepening the cooperation with JAC to include the design, technology, product quality and development of multi-function vehicles.
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Automakers Struggle With The Future In Los Angeles
Automakers on Monday will begin previewing new models for the media at an event called AutoMobility LA, reflecting an emphasis on digital technology and new ways to get around, such as self-driving cars.
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Apple Scientists Disclose Self-Driving Car Research
Scientists from Apple Inc have finally disclosed the research on self-driving cars, using fewer sensors. This is is possibly the first time that boffins at Apple have revealed its research on a public domain.
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Volvo Cars To Supply Uber With Up To 24,000 Self-Driving Cars
The non-binding framework deal could offer San Francisco-based Uber a way to overcome setbacks at its autonomous driving division in Silicon Valley's race to perfect self-driving systems.
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Driverless Cars Set For UK Budget Boost
The ministry said a new 400 million pound ($530 million) Charging Infrastructure Investment Fund would also be created, improving access to finance for businesses to develop charge points across the UK. Also 100 million pounds would be provided in grants to help people buy battery-electric vehicles.
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Around 415,000 Volkswagen Vehicles Probed For Air Bag Problems In US
The investigation covers eight models from the 2010-2014 time-frames, including the Jetta, Tiguan, Golf and Passat.
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